Braskem Details Investment Plans for the U.S., Americas

Officials at Braskem (São Paulo) told investors today that the company's near-term focus is on incorporating the Quattor and Sunoco acquisitions, and that it could be up to three years before any further expansion in the U.S. is announced. Braskem also says it has been advancing the polyethylene project planned for Mexico but that corporate focus is concentrated on efforts “to preserve the company’s financial health and stability.” Braskem yesterday reported second quarter net income of R$45 million ($26 million), down 96% compared with...

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